Torque Step-by-Step Guide

Browser Wallets

Using browser wallets such as Metamask, Dapper, Nifty, & others, you can easily take out loans using your ETH or existing ERC20 holdings as collateral. You can also use wallets such as Formatic, Portis, and Squarelink.

Step 1

Select the asset you want to borrow.

Step 2

Enter the quantity of the asset you want to borrow.

Optional: Step 3

Select your collateral.

Step 4

Hit Submit and accept the transaction.

That’s it!

External Wallets

You can use any external wallet. Examples include MyCrypto and MyEtherWallet.

Step 1

Select the asset you want to borrow.

Step 2

Enter the amount you want to borrow.

Step 3

Enter the address (e.g., dai.tokenloan.eth) and the quantity of ETH indicating on the form.

Step 4 (Optional)

It can be a good idea to select the advanced options and set the gas limit to a high quantity like 2,500,000 to make sure the transaction doesn’t run out of gas.

Step 5

Submit the transaction!

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